🚨🚨🚨Russia says it has received applications from 150 Bitcoin miners.

In a conversation with local media, Daniil Egorov said that the regulation of Bitcoin miners is being done “very, very carefully, slowly, step by step” due to the complexity of the industry.

November 22, 2024 by Henrique HK

Daniil Egorov, director of the Russian Federal Revenue Service, said he has received about 150 applications from Bitcoin miners wishing to operate in the country. Russia legalized mining earlier this month, when it began receiving these applications.

Before that, the Central Bank of Russia recommended that local companies use cryptocurrencies to circumvent sanctions imposed by the US and European Union countries.

Source: Livecoins

Regarding mining, President Vladimir Putin said he was concerned about this industry. This is because its high energy consumption could cause blackouts in certain regions. Therefore, this explains the reason for the regulation.